Regulation 4 Duties of a principal to his commercial agentI1
England, Wales and Scotland
In his relations with his commercial agent a principal must act dutifully and in good faith.
In particular, a principal must—
provide his commercial agent with the necessary documentation relating to the goods concerned;
obtain for his commercial agent the information necessary for the performance of the agency contract, and in particular notify his commercial agent within a reasonable period once he anticipates that the volume of commercial transactions will be significantly lower than that which the commercial agent could normally have expected.
A principal shall, in addition, inform his commercial agent within a reasonable period of his acceptance or refusal of, and of any non-execution by him of, a commercial transaction which the commercial agent has procured for him.
Annotations
Commencement
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Reg. 4 in force at 1.1.1994, see reg. 1(1)